Down Payment & Closing Costs
Forgivable Second Mortgage
Home HeadQuarters
$4,000.00
Home HeadQuarters offers loans up to $4,000 to help qualified, first-time buyers cover closing costs for a home in the City of Syracuse and Central New York. The program offers both payback and deferred loans (no payback required) depending on buyer eligibility. The deferred loan is available on a first come, first served basis and may be unavailable due to funding allocations.
PROGRAM DETAILS
ELIGIBILITY REQUIREMENTS
ADDITIONAL REQUIREMENTS
Yes
Your new home must be located in: Syracuse, or the counties of Onondaga, Oswego, Cayuga, Cortland, Madison, or Jefferson. You must qualify as a first-time homebuyer You must complete the Homebuyer Education Course through the HomeOwnership Center at Home HeadQuarters. You must plan to occupy and live in the home as your primary residence. You must have a signed purchase offer. You must provide at least $500 of your own funds toward the purchase of the home. Your first mortgage must originate with Home HeadQuarters, a bank, mortgage company or credit union. ADDITIONAL REQUIREMENTS You must purchase a home within the City of Syracuse . You must fall below 80% of HUD median income guidelines (based on family size). Your cash or cash-equivalent assets not used towards the purchase of the home cannot exceed $7,500. The purchase price of the single or two-family home cannot exceed $120,000.
Yes